Cybersecurity incidents remain a daunting issue for Americans, given that they feel their information is not secure in any firm. The last one to make the news involves the company known as UnitedLex, which, in March of the year 2023, experienced a digital breach that saw the company lose all its customers’ data. UnitedLex is […]

WASHINGTON (AP) — The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to

Social Security is set to announce a 2.5% benefit increase for 2025, impacting over 72 million Americans. This adjustment will raise average monthly benefits by about $50, starting in January. Although smaller than previous years’ increases, it aims to help retirees cope with ongoing inflation, which remains a concern despite recent cooling trends. What Is

If you are retiring at the end of 2024, you may have already completed and submitted your retirement applications and have begun counting down the days until your life after retirement begins. Completing the applications for retirement includes making some very important and sometimes irrevocable decisions. Here are the retirement decisions that require careful consideration

Social Security and Supplemental Security Income (SSI) benefits for more than 72.5 million Americans will increase 2.5 percent in 2025. The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 68 million Social Security beneficiaries in January 2025. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2024.

While millions of retired Americans will soon see a 2.5% cost of living increase in their Social Security payments, additional Social Security checks might be in the mail for November, thanks to a calendar quirk. Typically, Supplemental Security Income recipients receive their checks on the first of each month, but in November, a second check

In November 2024, individuals who are 62 years old and have opted for early retirement can expect a Social Security benefit of $2,710 per month. This amount reflects the reduced payment for claiming benefits before reaching full retirement age, which is typically 67 for those born in 1960 or later. Payments are scheduled based on

The $3000 OAS Pension Increase In 2025 was decided to be announced as a response to the increase in cost of living expenses. As the Consumer Price Index (CPI) changed for 2025, the amounts were set to be revised by the Government to ensure the citizens do not face any financial challenges.  Due to the

Every year, Social Security and Supplemental Security Income (SSI) recipients get an increase known as the Cost-of-Living Adjustment (COLA), which helps them keep up with inflation. As the Cost of Living Adjustment of 2.5% is announced, there will be several effects of COLA On SSI Payments in 2025.  A COLA raises an individual’s Social Security

$500 – $1200 Monthly Direct Deposit Checks for November 2024 were announced by the Government to be provided to all eligible individuals by the Social Security Administration. The SSA is a benefit providing agency administered by the Government responsible to provide funds to all individuals who need it the most. The individuals facing economic challenges